Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2021

EARNINGS (LOSS) PER SHARE

The following are the components and results of Customers' earnings (loss) per common share calculations for the periods presented.


	Three Months Ended March 31,
(amounts in thousands, except share and per share data)	2021		2020
Net income from continuing operations available to common shareholders	$	71,240	$	4,839
Net loss from discontinued operations	(38,036)		(5,354)
Net income available to common shareholders	$	33,204	$	(515)

Weighted-average number of common shares outstanding – basic	31,883,946		31,391,151
Share-based compensation plans	957,765		—

Weighted-average number of common shares – diluted	32,841,711		31,391,151

Basic earnings (loss) per common share from continuing operations	$	2.23	$	0.15
Basic earnings (loss) per common share from discontinued operations	(1.19)		(0.17)
Basic earnings (loss) per common share	1.04		(0.02)

Diluted earnings (loss) per common share from continuing operations	$	2.17	$	0.15
Diluted earnings (loss) per common share from discontinued operations	(1.16)		(0.17)
Diluted earnings (loss) per common share	1.01		(0.02)

The following are securities that could potentially dilute basic earnings per common share in future periods that were not included in the computation of diluted earnings per common share because either the performance conditions for certain of the share-based compensation awards have not been met or to do so would have been anti-dilutive for the periods presented.


	Three Months Ended March 31,
	2021	2020
Share-based compensation awards	277,725	6,718,131